Zillow, Redfin Settle FTC Antitrust Case Over $100M Rental Listing Deal

CoStar completed an $800m acquisition of Zonda, expanding into residential construction data. Zillow's Zestimate has median error rates of 1.8% for listed homes and 7.2% for off-market homes. Zillow faced a $881m pre-tax loss in its Homes division and an FTC settlement over a deal with Redfin. NAR settled litigation and amended MLS rules, but data access remains contested. Tech giants plan significant data center investments, with location priorities shifting.

The FTC settled an antitrust case with Zillow and Redfin, requiring them to unwind a 2025 agreement where Zillow paid Redfin $100M to exit the apartment listing market. Redfin must relaunch its rental advertising business within six months of the order's finalization, with Zillow providing support. Both companies must comply for 10 years, and they will pay $2M to reimburse state attorneys general.

The FTC and five states reached a settlement with Zillow and Redfin, requiring Redfin to reenter the rental listings market. Redfin must restart its rental advertising business within six months and invest tens of millions. Zillow must remove restrictions that limited Redfin's competition. The settlement resolves a lawsuit alleging Zillow paid Redfin $100 million to exit the market.

Zillow (Z) and Redfin (RDFN) settled lawsuits alleging their partnership reduced competition for online rental listings. The FTC and five states claimed the $100M deal violated antitrust laws. Under the settlement, both companies must create standalone rental advertising products by 2025 but can continue listing syndication. They will pay $2M in fees. Zillow and Redfin dispute the claims, arguing the partnership benefits renters and landlords.

Zillow and Redfin settled with the FTC and five states over allegations of anti-competitive practices in the online rental market. The settlement allows their partnership to continue but requires Redfin to resume independent rental advertising and invest in its business. Both companies must pay $2 million in costs and fees. Zillow claims the partnership remains unchanged and will launch new products with Redfin in 2027.

Zillow (Z) and Redfin (RDFN) settled an FTC antitrust case, requiring Redfin to reenter rental advertising. The FTC cited concerns about competition in the $500B rental market. Zillow remains dominant in rentals, while Redfin faces investment challenges in reentering the market.